Entertainment

Entertonement Rakes in $5M

Entertonement, the company launched earlier this year as a ringtone marketplace for MySpace users, has received $5 million in Series A funding. No other information has been disclosed regarding this investment, including who led the round. And little can be said about the site as it's currently undergoing an extreme makeover and is not accessible to the public.

But we are all wondering what the funding will be used for. It's safe to assume that whatever development that's going on behind closed doors has at least some part to do with the funding. Additionally, the somewhat parasitic relationship to MySpace with which Entertonment was launched is no longer necessary fir the success of startups, so perhaps there could be some work going on towards the effect of joining the OpenSocial movement, in one fashion or another. As a media-sharing site for pop culture, it seems that this would be a viable road for Entertonement to take at this point.

Mashable
is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe.